Technological Unemployment Archives - Page 2 of 2

daniel June 28, 2017June 28, 2017 anti-technology sentiment, automated checkout, got rid of automated checkout, Is McDonald’s about to make Technological Unemployment Worse?, Is McDonald’s about to replace Cashiers with Kiosks?, McDonald’s (NYSE: MCD), McDonald’s (NYSE: MCD) is about to get rid of all its' cashiers, McDonald’s automation, No Mass Layoffs Expected at McDonald’s but Populist Anger likely, partially automated checkout process, Technological Unemployment

Is McDonald’s about to replace Cashiers with Kiosks?

Publicity about the possible automation caused McDonald’s share price to increase by $38 a share during the week of June 19 to 23, CNBC reported. Mickey D’s shares went from $142 to $180 in just a few days. They fell back to $154 on Monday June 26, 2017, but were still grossly overpriced.

My Thoughts

daniel March 5, 2017March 5, 2017 AI, destroy vast numbers of jobs, Four Waves of Technological Unemployment, Fourth Wave of Technological Unemployment, Hard automation, Industrialization or Mechanization, Machine Learning and Artificial Intelligence, Robotics and Computerization, Technological Unemployment, The Convergence that could Kill Your Job, The Jobs that will Go First, What Jobs are threatened by the Fourth Wave of Technological Unemployment?

Will Your Job Survive the Fourth Wave of Technological Unemployment?

As you can see all four waves of Technological Unemployment are ongoing and simultaneous. The phenomenon is driven by technological progress, a development that began long before our grandparents were born and will be ongoing long after our grandchildren are dead.

It also means that there are several threats to our jobs as technologies and techniques from the different waves get combined. For example an automobile, a first wave machine can be combined with a computer; a third wave device, and an artificial intelligence – a fourth wave technology – to produce a self-driving car.

Market Insanity

daniel February 24, 2017 AI-run hedge fund, basic income is inevitable, Bill Gates, Hard automation, How will We Pay for Government?, job-killing technology, machines replace large numbers of people, robot tax, tax on robots, Technological Unemployment, The coming Battle Over the Robot Tax, The Problem of Artificial Intelligence, What is a Robot?, Why Robots will have to be taxed

Bill Gates wants Robots to Pay Income Tax

The world’s richest man wants robots to pay income tax – if they take humans’ jobs.

Bill Gates endorsed the idea of a “robot tax;” on automations that replace human workers, in video interview with Quartz editor in chief Kevin Delaney.

Market Commentary

daniel February 14, 2017April 24, 2018 Brains vs. Artificial Intelligence Poker Tournament, counterfactual regret minimization, Jobs Apocalypse, Libratus, Marcus, mployment apocalypse, Noam Brown, poker bots, Poker-Playing AI, poker-playing artificial intelligence, Risk Management through Technological Unemployment, Technological Unemployment, The Jobless Future of Banking, Watch Out Machines have figured out how to Learn, Why Humans don’t stand a Chance against the Learning Machine

Technological Unemployment Makes the Jobs Apocalypse Worse

The jobs apocalypse is about to get far worse because the machines have figured out how to learn. We had better get ready because AIs like Libratus will soon destroy hundreds of not thousands of highly paying jobs.

You Missed It

daniel December 11, 2016December 11, 2016 $4.798 trillion in pension obligations, Digitalization, Four Economic Problems, Income Inequality, many Americans cannot afford housing, new foreclosure crisis, real estate bubble, Robotization, Student loan debt in the US reached $1.2 trillion, Technological Unemployment, The Public Pension Crisis., The strong US dollar, Two Long term Economic Nightmares

Six Things about the US Economy that should scare you to Death

The Public Pension Crisis. State and local governments across the nation have accumulated $4.798 trillion in pension obligations, but they have only $3.607 to cover the promises to employees, The Hoover Institution calculated. That means they will have to come up with $1.91 trillion, and the most likely place it will come from is cutting basic government services.

My Thoughts

daniel December 4, 2016 Cultural Luddites, dangerous new generation of luddites, different varieties of Luddite, Digitalization, Economic Luddites, Luddism, luddite, Luddite movement, ncome Inequality, new Luddite movement, Religious Luddites, Robotization, Romantic Luddites, romantic past, Technological Unemployment, The Flavors of Luddism, The Luddites, The Luddites are coming!!, Trump and the Luddites, Who the Luddites will be, Why the Luddites are coming

The Luddites are coming!!

We must learn to understand Luddism and deal with it because the Luddites are coming. Many of them are already here but many more are on the way. If technologists do not find ways of dealing with Luddites and their arguments there will be violence and people will get hurt.

The Death Spiral

daniel October 26, 2016 Bank of America (NYSE: BAC), Banking Apocalypse, Chase Pay, Citigroup (NYSE: C), Digital banking is slowly killing physical banking, Digital is Slowly Killing the Brick and Mortar Bank, JPMorgan CHASE NYSE: JPM), Technological Unemployment, Tens of Thousands of Banking Jobs Vanish, Wells Fargo (NYSE: WFC)

Banking Apocalypse Thousands of Brick and Mortar Branches Closing

If this trend progresses to its logical end bank tellers will disappear much like elevator operators did. It also raises a fascinating question: what will communities do with all those empty bank buildings?

Politics

daniel October 2, 2016October 2, 2016 48.1 million Americans live in a household that is food insecure, attacking welfare, economic failure, Feeding America, food bank, food insecure, food insecurity, Food Stamps, How Fear of Welfare Makes Poverty Worse, marginally food insecure, poverty is getting worse in America, Technological Unemployment, very food insecure, Why Aren’t the Presidential Candidates talking about Poverty?

The Crisis the Presidential Candidates Refuse to Talk About: Poverty

This anecdotal evidence indicates that poverty is getting worse in America but the presidential candidates refuse to talk about it. Indeed they are actively avoiding just like almost every other candidate running for office today. One has to ask why?

Grocery Wars My Thoughts

daniel June 16, 2016June 16, 2016 Amazon is a major job destroyer, Basic Income, cash-recycling machine, save Walmart money, Swiss Basic Income, Technological Unemployment, Technological Unemployment will become a Political Issue, Walmart Automation, Walmart Layoff

Walmart Demonstrates how Technology Kills Jobs

The nation’s largest retailer is planning to eliminate hundreds of back office jobs at its stores, Market Watch reported. The jobs eliminated will be clerical positions in accounting and invoicing.

My Thoughts

daniel May 8, 2016May 9, 2016 Class Warfare, Digitalization, Hard automation, How Technology Drives Income Inequality, Income inequality increases, killed large numbers of jobs, made income inequality worse, Technological underemployment, Technological Unemployment, Technology creates income inequality, technology destroys jobs, Technology Drives Income Inequality

How Technology Kills Jobs and Drives Income Inequality

The idea that technology destroys jobs, impoverishes people and makes income inequality worse is a hard one to swallow, particularly